According toStraight Shuter, the "Slide Away" singer is keeping her 3.5-carat yellow solitaire engagement ring, which is worth over $300 000.
"Miley joked that she didn’t wear the ring often as it really isn’t ‘her aesthetic.’ But she hasn’t given it back yet," sources told Rob Shuter.
"Liam is in Australia and it’s not the sort of thing you return in the mail. Miley doesn’t know what she’s going to do with it. It doesn’t hold much sentimental value to her. And isn’t a Hemsworth family heirloom," the sources continued.
"Maybe she will sell it and donate the money to an LGBT charity. Liam doesn’t seem to want it back, so it’s best to make sure some good comes out of it."
WATCH: The moment Miley Cyrus SNAPS at Liam Hemsworth
Last month, the red carpet couple shockingly announced they were separating after six months of marriage.
A representative for the couple said at the time:
"Liam and Miley have agreed to separate at this time,” a rep told PEOPLE “Ever-evolving, changing as partners and individuals, they have decided this is what’s best while they both focus on themselves and careers. They still remain dedicated parents to all of their animals they share while lovingly taking this time apart. Please respect their process and privacy."
Weeks after their announcing split, the Hunger Gamesactor quicklyfiled for divorcefrom Miley, citing ‘irreconcilable differences’ - and sources tell US publicationLife & Stylethat things have since ‘turned toxic’ - even allegedly becoming 'the nastiest divorce ever'.
WATCH: Miley Cyrus takes dig at Liam Hemsworth during "Slide Away" performance at the 2019 MTV VMAs
The magazine outrageously alleges that things have gotten so bad between the duo that Miley has been sending nasty messages to her ex.
"Miley’s been sending Liam vicious texts and emails filled with insults because she refuses to accept full responsibility for the breakdown of their marriage," says the US publication's source.
"Now lawyers are involved and things are turning nastier than ever. Miley expected Liam to wait a while before filing, but he’s done the complete opposite. What started off as an amicable separation is turning into one of Hollywood’s biggest showdowns of the year!" the insider claims.
Last month, Miley Cyrus and Liam Hemsworth shockingly announced they were separating after six months of marriage.
While the duo - who met as co-stars on the set of The Last Song - have not yet commented onLife & Style’s allegations, Mileyvehemently deniedon social media that she cheated on the Australian actor with Kaitlynn (Brody Jenner's ex).
"I can accept that the life I’ve chosen means I must live completely open and transparent with my fans who I love, and the public, 100% of the time," the "Wrecking Ball" singer tweeted.
"What I cannot accept is being told I’m lying to cover up a crime I haven’t committed. I have nothing to hide."